FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

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If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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House Payments

I will be filing soon.

Common Law wife and i have a house. We bought it about 7 months ago. It is 100% in her name. The mortageg payments come out of her account. As I understand it, the trustee should not consider it an asset of mine and it should be untouched from what I have read.

As I pay 50% of the mortgage and bills (phone, electrical, cable etc), will this be considered as `rent` that I pay to my wife and considered an expense in my evaluation or am I missing something that may affect me and/or the house?

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One Response to “House Payments”

A licensed trustee said...

Based on the infomration you hav eprovided, the house should not be affected (it’s your spouse’s, not yours).

Keep in mind that your surplus income payments will be based on your household income, not simply your income, but alos your spouses – that is likely the only way your spouse will be directly involved in your bankruptcy.